The Spring 2016 edition of the Enrolled Actuaries Report covers the Academy’s recent Enrolled Actuaries (EA) Meeting in Washington; Academy Senior Pension Fellow Ted Goldman highlights longevity risk at a National Retirement Planning Week forum; Actuarial Standards Board (ASB) representatives outline the ASB Pension Task Force’s work on public pension plans; and Social Security and retirement issues top the Academy’s EA Meeting poll of election-year issues. (May 05, 2016)
The American Academy of Actuaries and the Society of Actuaries jointly released the Actuaries Longevity Illustrator, an easy-to-use online tool to calculate longevity risk. The Actuaries Longevity Illustrator is available to everyone and provides the user with the likelihood of living various lengths of time, through which individuals and couples can better understand the risk of outliving their retirement income. Read the news release. (May 05, 2016)
A column by Academy President Tom Wildsmith is featured in the April newsletter of the International Actuarial Association. In “Meet the American Academy of Actuaries,” Wildsmith lays out the framework of professionalism that is central to the Academy’s charge as the national association for actuaries in the United States. (April 29, 2016)
Check out the latest issue of Contingencies. Features include “Help Them Get Home,” about how predictive modeling can improve outcomes in child welfare cases; “The Specter of Antiselection,” which explores how the increase in nondisclosure from applicants threatens the viability of life insurers; and “Mortality Experience of Hollywood Actors”—the media coverage of high-profile deaths of famous actors may suggest a “Live fast, die young” trend, but a deep study of the data offers some intriguing findings. Plus a provocative look at risk ranking as it pertains to kidney donation, the trillion-dollar marketplace of credit risk-sharing transactions, and the first puzzle in our new Crossword department. (May 02, 2016)
Read the latest issue of This Week—the Academy's end-of-week digital newsletter, compiling a week’s worth of news, updates, and media coverage in one convenient, easy-to-use publication. (April 29, 2016)
The April issue of Actuarial Update features the Academy’s slate of officer nominations, led by Stephen Alpert, selected by the Nominating Committee to be the nominee for president-elect. Also, read about a new issue paper that explores the first year of experience of the Affordable Care Act’s risk adjustment program, the “look in the mirror” test regarding actuarial qualifications, and much more. (April 29, 2016)
The Pension Committee submitted comments to the Internal Revenue Service regarding the proposed regulations for nondiscrimination relief for closed defined benefit plans. (April 29, 2016)
The LTC Reform Subcommittee submitted a comment letter to the Maryland Insurance Administration Public Hearing on Long-Term Care Insurance. (April 28, 2016)
The Pension Practice Council submitted comments to the Department of Defense regarding the use of personal discount rates to calculate lump-sum payments from military pensions as required in the National Defense Authorization Act for Fiscal Year 2016. (April 27, 2016)
Life Reserves Work Group (LRWG) submitted comments to the NAIC’s Life Actuarial Task Force (LATF) on currently exposed amendment proposal forms on term and universal life insurance with secondary guarantees. (April 25, 2016)
Life Reserves Work Group (LRWG) submitted comments to the NAIC’s Life Actuarial Task Force (LATF) on currently exposed amendment proposal forms on net premium reserves. (April 25, 2016)
The SVL Interest Rate Modernization Work Group submitted comments to the NAIC's VM-22 Subgroup of the Life Actuarial Task Force (LATF) on questions and answers in response to statutory regulations regarding the determination of statutory valuation interest rates. (April 25, 2016)
The Casualty Practice Council and the P/C Extreme Events Committee sent a letter to members of the U.S. House of Representatives commenting on HR 2901, The Flood Insurance Market Parity and Modernization Act, concerning expansion of the role of private insurers in the flood insurance marketplace. (April 26, 2016)
The Pension Committee released the exposure draft, Selecting Investment Return Assumptions Based on Anticipated Future Experience. The comment deadline for this exposure draft is June 27, 2016. (April 25, 2016)
The Pension Accounting Committee submitted comments to the Financial Accounting Standards Board on its exposure draft on changes to the disclosure requirements for defined benefit plans. (April 25, 2016)
